BP has capitalized on the better than expected earnings that it saw in its third quarter and that is making one thing clear that the company has left behind its worst days of the oil spill and its business is bouncing back.

Today BP the oil major announced that the total cost for its Deepwater Horizon oil spill will go up by another seven decimal seven billion dollars than what it had stated earlier and amount to forty billion dollars.

Many weeks before the explosions of the Deepwater Horizons both the oil giant BP and its subcontractor Halliburton were aware of the facts that the cement mixture meant to be used for sealing the well was not stable as per the test report.